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<br />.. <br /> <br />ARDEN HILLS EDA SPECIAL MEETING - JANUARY 4, 1999 <br /> <br />DRAFT' 6 <br /> <br />MOTION: <br /> <br />Commissioner Malone moved and Commissioner Aplikowski seconded a <br />motion for the EDA to authorize Staff to hire a consultant to conduct a Phase I <br />environmental analysis of the property and authorize the City Attorney to <br />prepare a purchase agreement for the entire Indykiewicz parcel at 1920 <br />Highway 96, for a price not to exceed $1,150,000.00, excluding dirt and <br />fixtures, subject to stable soils and no environmental contamination and <br />approval of the final purchase agreement by the EDA. The motion carried <br />unanimously (5-0). <br /> <br />e <br /> <br />MISCELLANEOUS ITEMS <br /> <br />Commissioner Aplikowski expressed her appreciation to the Staff for their hard work in the <br />Indykiewicz property matter and to the property owners for their concession on some issues. <br /> <br />President Probst asked Mr. Ringwald if he had an update on the loan proceeds. Mr. Ringwald <br />stated that the loan proceeds for Cardiac Pacemakers, Incorporated (CPI) was being paid back to <br />the City since the end of October, 1998. He does not, however, know the exact dollar amount <br />which has been received. <br /> <br />President Probst suggested that, during the second quarter of this year, the Staff could present <br />some ideas on how to utilize these proceeds. President Probst stated, in relation to this issue, <br />there may be issues relative to the activities at TCAAP which the EDA may wish to participate a <br />in. Additionally, the Commission needs to consider whether the management of these proceeds ... <br />should be handled by the EDA or the City Council. <br /> <br />President Probst suggested that, as the City considers options for how the Public Works facility <br />may be financed, the Commission should consider whether or not the EDA is the appropriate <br />venue to deal with this type of issue. He indicated that this issue would not need to be dealt with <br />in the first quarter of the year. However, at the first meeting ofthe second quarter, the <br />Commission may consider addressing these issues. <br /> <br />ADJOURN <br /> <br />MOTION: <br /> <br />Commissioner Aplikowski moved and Commissioner Rem seconded the motion <br />to adjourn the meeting at 9:12 p.m. The motion carried unanimously (5-0). <br /> <br />Dennis Probst <br />President <br /> <br />Brian Fritsinger <br />Secretary - Treasurer <br /> <br />e <br />